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CART Act of 2023

H.R. 3014 Rep. Darin LaHood (R-IL-16) In committee
Bill text PDF
  1. Introduced Apr 28
  2. Committee Apr 28
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Apr 28, 2023Next: House vote
1279d ago Apr 28, 2023: Referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 1 filing
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2trades in the last 90 days
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Companies lobbying on this bill

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Summary

Catastrophic Risk Transfer Act of 2023 or the CART Act of 2023

Full summary2 paragraphs

This bill establishes a system for the taxation of catastrophic risk transfer companies and their security holders to ensure sufficient capital to cover catastrophic insurance losses. The bill defines catastrophic risk as a risk of loss that has a low likelihood of occurring but that would be large in amount.

The bill defines catastrophic risk transfer company as any domestic corporation created and regulated under state law with the purpose of entering into one or more insurance or reinsurance agreements covering catastrophic risk.

Library of Congress summary, Apr 28, 2023

Summary versions
  • Introduced in HouseApr 28, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.